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China’s Psibot Becomes Latest AI Startup to Hit $1 Billion Value

Bloomberg Technology Thursday 23 July 2026, 00:09 UTC By Saritha Rai 1 min read
Key Points

Startups China’s Psibot Becomes Latest AI Startup to Hit $1 Billion Value PsiBot is raising close to $100 million of funding at a $1.48 billion valuation, joining a growing roster of Chinese AI startups capitalizing on interest in the burgeoning field. The company known also as Lingchu Intelligence is close to finalizing financing led by Chinese carmaker Chery Automobile Co. and investors such as Lens Technology Co., a sensor maker for the likes of Apple Inc. and Tesla Inc. The Chinese...

Startups China’s Psibot Becomes Latest AI Startup to Hit $1 Billion Value PsiBot is raising close to $100 million of funding at a $1.48 billion valuation, joining a growing roster of Chinese AI startups capitalizing on interest in the burgeoning field. The company known also as Lingchu Intelligence is close to finalizing financing led by Chinese carmaker Chery Automobile Co. and investors such as Lens Technology Co., a sensor maker for the likes of Apple Inc. and Tesla Inc. The Chinese startup has now raised about $300 million since its inception in 2024.
China (LOCATION) Psibot Becomes Latest AI Startup (ORG) Chinese AI (ORG) Lingchu Intelligence (ORG) Chinese (ORG) Chery Automobile Co. (ORG) Lens Technology Co. (ORG) Apple Inc. (ORG) Tesla Inc. (ORG)
Originally published by Bloomberg Technology Read original →

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